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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Ocado Group PLC | 951.8 | 23.7% |
| Rolls-Royce Holdings PLC | 184.0 | 20.5% |
| Entain PLC | 1,362.0 | 4.9% |
| International Consolidated Airlines Group S.A. | 152.3 | 2.2% |
| Vodafone Group PLC | 77.6 | 2.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Natwest Group PLC | 241.8 | -3.7% |
| Rio Tinto PLC | 5,250.0 | -2.7% |
| Glencore PLC | 472.2 | -2.0% |
| Lloyds Banking Group PLC | 45.3 | -1.8% |
| Diageo PLC | 3,403.5 | -1.6% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,675 | -0.2% | 4.7% |
| DOW JONES INDUS. AVG | 35,456 | 0.1% | 11.6% |
| DAX INDEX | 16,137 | -0.5% | 22.6% |
| NIKKEI 225 | 32,668 | 0.0% | 17.9% |
| S&P/ASX 200 INDEX | 7,402 | 0.9% | 8.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 79.55 | -0.10% |
| Brent Crude (ICE) | USD/bbl. | 83.64 | 0.00% |
| Gold Spot | USD/t oz. | 1,972 | 0.4% |
| Copper (Comex) | USd/lb. | 390 | -0.3% |
Click graph to enlarge
The UK 100 called to open +15 point at 7,691. The UK 100 looks set to open higher this morning following the Fed’s 0.25% base rate rise last night, as expected by the majority of the city, traders will be hoping that this could be the last rate rise in this cycle. The Fed’s chair Jerome Powell was coy when it came to future policy. He did not commit to another hold in September, but did not really choreograph another hike either, as he affirmed a “data-dependant” approach to future decisions. Leaving the door open for future hikes this year, Powell ruled out cuts until the next at the earliest. “We will be comfortable cutting rates when are comfortable cutting rates”, he said.
Anglo American has cut its dividend payout to shareholders after lower commodity prices and higher costs hurt its H1 earnings. Their EBITDA fell to $5.1bn for H1, down from $8.7bn a year earlier and below the $5.3bn expected on average analyst estimates. They declared an interim dividend of $0.55 per share, down 56% from $1.24 a year earlier.
Barclays reported a profit for H1 in line with expectations as its booming consumer and credit card business continued to offset plunging revenues in its investment bank as corporate dealmaking stalls. They reported a pretax profit of £4.6bn in line with average analyst forecast of £4.5bn and higher than the £3.7bn it delivered in the same period last year.
BT Group reiterated their FY outlook as cost control helped offset inflation. Their adjusted core earnings rose 5% in Q1 to £2bn in line with analyst forecasts.
Centrica swings to a pretax profit of £6.42bn in H1 vs a pretax loss of £1.18bn YoY. They declare an interim dividend of 1.33p per share, up 33% YoY. They expect seasonality to drive lower underlying profits in H2.
ITV reported a 52% drop in H1 adjusted earnings to £152m, below market forecasts, which it said reflected a tough advertising market and investment in its streaming service ITVX.
Mitchells & Butlers says current FY out turn is to be at top end of consensus.
Reckitt Benckiser reports a H1 pretax profit of £240m, up 48% from £162m YoY.
Segro reported a rise in HY profit on the strength of its e-commerce focused urban logistics business even as elevated interest rates hit the value of commercial properties. Their adjusted pretax profit for H1 rose 2.6% to £198m.
Shell reported Q2 profits of $5bn, dropping 56% from a year earlier as oil and gas prices cooled after rallying on the back of Russia’s invasion of Ukraine.
St James’s Place reported a fall in HY profit but attracted £3.4bn of net inflows in what the company called a “challenging period” for UK investors.
Weir Group says their CFO John Heasley is to step down to join Anglo American as finance director.
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UK
Airtel Africa
Anglo American
BT Group
Barclays
British American Tobacco
Britvic
Centrica
Drax Group
Greencoat UK Wind
Hammerson
ITV
Inchcape
Indivior
Informa
Jupiter Fund Management
Mobico Group
Morgan Advanced Minerals
RELX
RS Group
Rentokil International
Sage Group
Schroders
Segro
Shell
St James’s Place
Vesuvius
US
AbbVie
Bristol-Myers Squibb
Keurig Dr Pepper
Mastercard
McDonald’s Corp
Takeda Pharmaceutical
Amazon.com
Ford Motor Co
Intel Corp
Roku Inc
UK
AstraZeneca
International Consolidated Airlines Group
Intertek Group
NatWest Group
Rightmove
Standard Chartered
US
Aon
Chevron
Exxon Mobil
Procter & Gamble
US New Home Sales Change
Fed Interest Rate Decision
Fed’s Monetary Policy Statement
FOMC Press Conference
UK 100 companies going ex-dividend on 27th July 2023:
SSE
UK 250 companies going ex-dividend on 27th July 2023:
NB Private Equity Partners
QinetiQ Group
Bankers Investment Trust
Monks Investment Trust
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